DF Dent & Co. Inc. Trims Position in EVERTEC, Inc. (NYSE:EVTC)

DF Dent & Co. Inc. decreased its position in shares of EVERTEC, Inc. (NYSE:EVTC) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 434,649 shares of the business services provider’s stock after selling 20,805 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.68% of EVERTEC worth $15,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EVTC. Public Employees Retirement System of Ohio acquired a new position in EVERTEC in the 3rd quarter valued at about $28,000. Fifth Third Bancorp increased its holdings in shares of EVERTEC by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after buying an additional 402 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of EVERTEC by 199.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after buying an additional 794 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in EVERTEC in the third quarter valued at approximately $55,000. Finally, Blue Trust Inc. increased its stake in EVERTEC by 55.2% during the fourth quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after acquiring an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insider Buying and Selling

In other EVERTEC news, CEO Morgan M. Schuessler sold 80,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the sale, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. This represents a 22.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Karla Cruz sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the completion of the sale, the chief accounting officer now directly owns 18,065 shares in the company, valued at $664,250.05. This represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,170 shares of company stock valued at $7,149,206 in the last ninety days. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EVTC shares. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and upped their price target for the company from $28.00 to $30.00 in a research note on Thursday, February 27th. William Blair reissued an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th.

EVERTEC Price Performance

EVTC opened at $37.41 on Thursday. The stock’s 50-day moving average price is $35.01 and its 200 day moving average price is $34.39. EVERTEC, Inc. has a 12-month low of $28.76 and a 12-month high of $39.50. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.43 and a beta of 1.11. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC’s dividend payout ratio (DPR) is currently 11.56%.

About EVERTEC

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.